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Daily Market Report - Commodities - First Binary Option Service

Little changed on the price of gold which is struggling to keep the modest gains achieved in the previous session in the light of uncertainty about the future of the economic stimulus program in the United States, which was dominated by the potential impact to stop the activities of the government in Washington.

Members of Congress seeks to approve legislation that allows continuation of the activities of government institutions by the end of this month when the current budget expires, but no agreement had been reached yet. Gold settled in spot trading at $ 1322.50 an ounce.

Gold rose in the U.S. contracts 0.5 percent to 1323 dollars per ounce after falling for three days. Gold down more than 20 percent since the beginning of the year after a rally that lasted long time.

The Federal Reserve Board has indicated in May for a possible start in reducing the bond purchase program worth $ 85 billion a month by the end of the year.

Silver went down in online transactions 0.3 percent to $ 21.62 an ounce. Platinum rose 0.4 percent to $ 1424.20 and palladium 0.2 percent to $ 718.47 an ounce.

Thursday, 26 Sep, 2013 / 7:47

Source : https://www.firstbinaryoption.com

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